OmiFX8

Gold: Sell on rise setup

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Friday's decline confirmed a bearish lower highs, lower lows setup.

Upbeat US jobs report is likely to cement expectations of V-shaped recovery, accelerate stock market's rise toward record highs.

Prices look set to support at $1,660-$1,650.

Close above Friday's high of $1,716 is needed to abort the bearish view.







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